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Sympathy refers to caring about another to some degree as one cares for oneself. Empathy refers to the capacity to put yourself in the position of others to see things from their point of view. Empathetic preferences compare being one person in one situation with being another person in another situation. John Harsanyi showed that mild assumptions imply that to have empathetic preferences is the same thing as having rates at which the utility units of different people are to be traded off against one another. A consequence is that empathetic preferences have the same structure as Hamilton's...

Sympathy refers to caring about another to some degree as one cares for oneself. Empathy refers to the capacity to put yourself in the position of others to see things from their point of view. Empathetic preferences compare being one person in one situation with being another person in another situation. John Harsanyi showed that mild assumptions imply that to have empathetic preferences is the same thing as having rates at which the utility units of different people are to be traded off against one another. A consequence is that empathetic preferences have the same structure as Hamilton's...